| Don't Pay Too Much for Burial Insurance! | | | | Most burial policies are easy to qualify for, even if |
| Burial policies, also known as final expense | | | | you have some minor health issues. The |
| insurance, are small life insurance policies that are | | | | application usually consists of a health |
| meant to pay for funeral costs and other final | | | | questionnaire and the life insurance company will |
| expenses. These types of policies are gaining | | | | typically check to make sure there is nothing in |
| popularity with seniors who find themselves | | | | your health history that you did not disclose. But |
| without life insurance because their term insurance | | | | what if you have more serious health conditions? |
| has ended, or because prior life insurance policies | | | | There are policies that are known as guaranteed |
| have lapsed. Many seniors think that there are no | | | | issue final expense policies, and nobody is turned |
| affordable options for them to leave money to | | | | down. The premiums are higher, but for those |
| their families to pay final expenses. A burial | | | | who feel that they have no other option, these |
| insurance policy is the best way for senior citizens | | | | policies can provide peace of mind that their final |
| to get affordable life insurance. | | | | expenses won't be a burden on their families. |
| Some features of burial policies: | | | | Which Company Has the Most Affordable Rates? |
| • Permanent insurance with level premiums | | | | There are many companies that offer affordable |
| that will never increase. | | | | burial policies for seniors and the elderly. Since |
| • Qualifying ages between 50 and 85 | | | | each company has different underwriting |
| • No medical exam required and many health | | | | requirements, the best company will differ from |
| issues are ok | | | | person to person. Your rates will depend on your |
| • Issued quickly and death benefits are paid | | | | age as well as your health history and smoking |
| quickly | | | | status. |
| What If I Have Major Health Issues? | | | | |